Shapoorji Pallonji Group Chairman Shapoor Mistry welcomed the RBI’s decision requiring Tata Sons to comply with upper-layer NBFC regulations. He said the move could improve transparency, governance and accountability, while potentially paving the way for Tata Sons’ public listing and supporting charitable activities
Mistry’s remarks come amid reports that Tata Trusts trustees Venu Srinivasan and Vijay Singh support public listing of Tata Sons, while chairman Noel Tata opposes the move
Tata Sons is effectively a two-group company, with the Tata Group comprising Tata Trusts, Tata family members and Tata companies holding 81.6 per cent of the equity share capital
